Purpose

The Hong Kong foreign exchange market in China has developed into an international forex market since the 1970s. As one of the world's major financial centers, it is characterized by active trading, high liquidity, and a diverse range of trading products. Leveraging its strategic geographical location, robust financial system, and open policy environment, Hong Kong's forex market attracts numerous international financial institutions and investors. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker ElastosTrade in Hong Kong, China as planned. According to public information, its office address is "1/F Welfare Association Building, 136A Nathan Road, Tsim Sha Tsui, Hong Kong, 852F+J2 Tsim Sha Tsui, Hong Kong".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer claiming to be located at "Hong Kong, Tsim Sha Tsui, 136A Nathan Road, 1/F Welfare Association Building, 852F+J2 Tsim Sha Tsui, Hong Kong"ElastosTrade.

The field investigator successfully arrived at the target location, which is situated on Nathan Road in Tsim Sha Tsui, surrounded by a bustling environment and a strong commercial atmosphere. However, no signage or relevant information about the company was found on the exterior of the building, and this is actually the Tsim Sha Tsui Kaifong Welfare Association.

The surveyor entered the building and, after explaining their purpose to the security personnel, obtained permission to proceed.

Since there is no directory board for the company in the building, its specific floor could not be determined. After inquiring with the security personnel, it was learned that the building only houses a school and a community clinic, and the company does not exist there, which was also confirmed by the directory information. The on-site inspector was unable to reach the target floor to confirm the exact location, let alone enter the company's premises to photograph the reception area and logo. The office in question is not a shared workspace.

Therefore, it is impossible to observe the internal environment of the company and other conditions. Overall, the actual situation of this address does not match the positioning claimed by the trader.

Therefore, after on-site verification, it was confirmed that the dealer ElastosTrade does not exist at the above address.

Conclusion

The inspection team visited the forex broker ElastosTrade at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for decision-making.